|
|
Article: Business Briefs
- Article from:
- Honolulu Star - Bulletin
- Article date:
- June 26, 2008
- Author:
CopyrightCopyright Honolulu Star - Bulletin Jun 26, 2008. Provided by ProQuest LLC. (Hide copyright information)
|
FAST FACTS HAWAII
HAWAII
Isle dry cleaning stores acquired
Robinson Corp., which operates four Caesars Cleaners stores and a central plant in Honolulu, has been bought by U.S. Dry Cleaning Corp. in a deal that closed yesterday.
The $2.25 million acquisition was announced in
October and initially was slated to close before the end of last year. Palm Springs, Calif.-based U.S. Dry Cleaning purchased Young Laundry & Drycleaning more than two years ago.
Michael Drace, president of U.S. Dry Cleaning, said in October that the company will retain all 48 workers at Caesars Cleaners, which generates $2 million in annual revenue. The company said it expects the acquisition to increase revenue by ...